Which US States Have the Most Millionaires?

While many in the US are feeling the pinch of the recession, others are enjoying unprecedented boom times.

So says Phoenix Marketing International, which just released its annual roundup of the states with the most millionaires and found that for the second year in a row, the overall number of millionaire households in the US actually went up.

In 2011, there were 5.94 million households with $1 million or more in investable or liquid assets, an increase of 6.8 percent over last year. Overall, 5.08 percent of US households claim millionaire status, somewhat short of the all-time high of 5.25 percent in 2007.

David Thompson, managing director of Phoenix Marketing, said “all of the top 10 states increased their millionaire ratios during the past year, which underscores that the richest states keep getting richer,” and that “small states with large concentrations of highly educated professionals and business owners are key ingredients to growing wealth.”

Here’s this year’s list of the 10 states with the most millionaires per capita: